Tariffs Will Put Fed on Hold in First Half, TD's Goldberg Says

The transcript discusses the potential for interest rates to reach 5% and the implications for investors. It covers the Federal Reserve's stance on holding rates, the impact of tariffs on inflation, and investor sentiment amid political changes. The credit market dynamics are analyzed, highlighting the mismatch between supply and demand. The discussion concludes with the Fed's cautious approach to controlling inflation by maintaining slightly higher rates.

What is the expected trend for the yield curve according to the first section?

• The curve will invert.

• The curve will steepen.

• The curve will remain unchanged.

• The curve will flatten.

How much is the Trump tariff expected to add to inflation?

• Half a percentage point

• Two percentage points

• No impact

• One percentage point

What are investors waiting for before making decisions, as discussed in the third section?

• Clarity on payrolls and CPI

• Interest rate cuts

• Stock market trends

• New tax policies

What unusual trend is observed in the credit market?

• Credit spreads are widening significantly.

• There is no demand for high yield bonds.

• High yield issuers are issuing on the front end.

• High yield issuers are issuing on the back end.

What is the main reason for the mismatch in the credit market?

• Lack of supply

• High demand for short-term bonds

• High demand for long-term bonds

• Low interest rates

What is the Federal Reserve's likely approach to interest rates according to the final section?

• Maintain current rates indefinitely

• Keep rates slightly higher for longer

• Lower rates immediately

• Raise rates significantly

What percentage of the country has locked in a mortgage rate below 5%?

• 80%

• 60%

• 50%

• 70%